20015 Is DC’s Least Affordable Zip Code

Posted by Mark Washburn on Monday, April 21st, 2014 at 6:47am.



A new map by Zillow was released last week to much fanfare across DC, calculating housing affordability based on a monthly payment of $2,000, or 18 percent of a buyer’s monthly income, assuming a $500,000 home purchase price.  The color-coded map from dark red to dark green revealed the 20015 zip code as the least affordable, which includes the pricey DC neighborhoods of Chevy Chase DC and Friendship Heights.  After 20015, the 20003 zip code for the Capitol Hill neighborhood comes in 2nd, and the 20007 zip code for the neighborhoods in Georgetown, Glover Park, Foxhall, and Massachusetts Avenue Heights comes in at #3.  Longtime DC residents would not be surprised by these findings.

The map reveals DC’s eastern neighborhoods (NE) as most affordable and the western neighborhoods (NW) as least affordable.  At Zillow, affordability is measured by how much of a person’s monthly income is spent on a mortgage payment.  With a combination of rising home prices and mortgage rates, the median household in DC spends 22% of their income to afford the mortgage payments on the median home.

In 2013, the median household income was $91,689 in DC.  The typical DC homebuyer spent $1,357 each month on mortgage payments for homes, not condos, assuming a 20% down payment on a median home valued at $343,600 on a 30-year fixed mortgage with a 4.3% interest rate.

20015 Real Estate For Sale:

20 Properties Found. Page 1 of 2

Ninety Years After It Was Built In One Of Washi...

Photo of Listing #DCDC440880

$11,750,000 Active

  • 5 Beds
  • Baths
  • 1.31 Acres
  • 11,434 ft²

Residential

5320 27th St Nw, Washington, DC

MLS® #DCDC440880

Ninety Years After It Was Built In One Of Washington's Finest Neighborhoods At The Edge Of Rock Creek Park, This Grand Old Estate Has Only Improved With Age, Thanks To Georgetown Architect George Stavropoulos' Thorough, 21st-century Renovation And Expansion...

One Of Two New Homes Built By Master Builder Mc...

Photo of Listing #DCDC440316

$2,495,000 Active

  • 6 Beds
  • Baths
  • 0.18 Acres
  • 6,751 ft²

Residential

7080 Oregon Ave Nw, Washington, DC

MLS® #DCDC440316

One Of Two New Homes Built By Master Builder Mccullough Residential Llc With Commanding Views Of Rock Creek Park These Homes Are Gorgeous Inside And Out. This Home Has Over 6700 Sq Ft Of Conditioned Space On 4 Finished Levels. 6 Br, 6 .5 Baths You Will Be A...

Extraordinary New Home Overlooking Rock Creek P...

Photo of Listing #DCDC440746

$2,450,000 Active

  • 6 Beds
  • Baths
  • 0.18 Acres
  • 6,737 ft²

Residential

7076 Oregon Nw, Washington, DC

MLS® #DCDC440746

Extraordinary New Home Overlooking Rock Creek Park Built By Mccullough Residential Llc And One Of Two Homes Now Completed And Ready For Their New Owners. This Home Has Over 6700 Sq Ft Of Exquisite Living Space On 4 Levels. Gorgeous Entry Foyer With Herrin...

Open Sunday 1-3! Please Come For A Second Look ...

NEW Photo of Listing #DCDC452064

$2,150,000 Active

  • 6 Beds
  • Baths
  • 0.15 Acres
  • 5,300 ft²

Residential

3818 Huntington St Nw, Washington, DC

MLS® #DCDC452064

Open Sunday 1-3! Please Come For A Second Look And See The Transformation Of This Stunning Colonial Which Has Been Refreshed With A New Contemporary Look! This Special Property Has Four Levels, 6br/5.5ba With Over 5800 Square Feet Of Finished Space And ...

Open House 1-4 Pm, Sunday, December 8. Nestled...

Photo of Listing #DCDC448588

$2,075,000 Active

  • 5 Beds
  • Baths
  • 0.12 Acres
  • 5,500 ft²

Residential

2939 Mckinley St Nw, Washington, DC

MLS® #DCDC448588

Open House 1-4 Pm, Sunday, December 8. Nestled In A Serene Setting In Chevy Chase This Classically Charming, Well-appointed And Meticulously Maintained Home It's A Masterpiece Colonial That Showcases 5,300sqft, 5br/5.5bas, Ready To Be Your Forever Home. Th...

Gorgeous, A Beautiful Single House In Heart Of ...

REDUCED 5% Photo of Listing #DCDC448386

$1,995,000 Active

  • 6 Beds
  • Baths
  • 0.19 Acres
  • 3,939 ft²

Residential

6626 31st Pl Nw, Washington, DC

MLS® #DCDC448386

Gorgeous, A Beautiful Single House In Heart Of Chevy Chase With Work Of Art. Welcoming A New Homeowner With A New Driveway And This Magnificent House Is Just Like New. New Kitchen With New S.s Appliances And New Hickory Hardwood Floor Wall To Wall The Ent...

Newly Built, One Of A Kind Magnificent, Modern ...

REDUCED 5% Photo of Listing #DCDC443364

$1,900,000 Active

  • 4 Beds
  • Baths
  • 0.21 Acres
  • 3,100 ft²

Residential

2731 Newlands St Nw, Washington, DC

MLS® #DCDC443364

Newly Built, One Of A Kind Magnificent, Modern Family Home, On 9000+ Sf Pool Sized Lot Across From 9 Acres Of Untouched National Park Land. The Living Spaces Were Designed To Bring The Outside In, With Open Concept Design, Soaring Ceilings And Walls Of Wi...

Open House Sunday (11/17) 1-3pm. Brand New Con...

Photo of Listing #DCDC446768

$1,850,000 Active

  • 5 Beds
  • Baths
  • 0.17 Acres
  • 4,800 ft²

Residential

7014 31st St Nw, Washington, DC

MLS® #DCDC446768

Open House Sunday (11/17) 1-3pm. Brand New Construction! Beautiful Se Facing Colonial Farmhouse W/ 4,800+/- Sf Open Floor Plan. 10-ft Ceilings On Main + Upper Levels, And Extra Large Windows Soak In An Abundance Of Natural Light From All Exposures. Five Be...

Spectacular Sun Drenched Two Level Penthouse Un...

Photo of Listing #DCDC447462

$1,849,000 Active

  • 2 Beds
  • Baths
  • 2,192 ft²

Residential

4301 Military Rd Nw #ph2, Washington, DC

MLS® #DCDC447462

Spectacular Sun Drenched Two Level Penthouse Unit In Luxury Chevy Chase Residence. The 2 Bedroom 2.5 Bath Condominium Is Beautifully Appointed With Floor To Ceiling Windows Offering Sweeping Views From The Great Room, Marble Foyer, Exotic Wood Floors, Gou...

Grand Renovation Of A Semi-detached Porch Front...

NEW Photo of Listing #DCDC451988

$1,669,000 Active

  • 4 Beds
  • Baths
  • 0.09 Acres
  • 3,006 ft²

Residential

3916 Mckinley St Nw, Washington, DC

MLS® #DCDC451988

Grand Renovation Of A Semi-detached Porch Front Home Close To Friendship Heights And Chevy Chase Md Shops And Restaurants. Walk Into This Bright Wide Open Floor Plan With Spacious Living Room, Central Chef Designed Kitchen With Island And Extra Large Walk-i...

Bring All Offers! Welcome Home To Understated ...

REDUCED 2% Photo of Listing #DCDC438996

$1,475,000 Active

  • 6 Beds
  • Baths
  • 0.23 Acres
  • 4,214 ft²

Residential

5901 Nebraska Ave Nw, Washington, DC

MLS® #DCDC438996

Bring All Offers! Welcome Home To Understated Elegance In A Desirable Sun-drenched Home Fully Renovated, Expanded For Entertaining Inside And Out. Sited On A Rare 10,098 Square Foot Corner Lot In The Heart Of Chevy Chase, Dc, Just Steps From The Nation's R...

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